Regarding Commuter Marriages the Text Notes That

question 88

Multiple Choice

Regarding commuter marriages the text notes that:

• A) commuter marriages are among the most affluent types of families.
• B) transportation costs have resulted in a significant decrease in commuter marriages.
• C) many poor and working class couples have commuter marriages that do not fit the common stereotype of the commuting professional couple.
• D) despite the stereotype, this type of marriage is still very rare.

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Definitions:

Average Fixed Cost (AFC)

A firm’s total fixed cost divided by output (the quantity of product produced).

Marginal Cost (MC)

The extra (additional) cost of producing 1 more unit of output; equal to the change in total cost divided by the change in output (and, in the short run, to the change in total variable cost divided by the change in output).

Total Cost

The sum of all costs incurred by a business in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.